Asasah

Asasah started operations in March 2003 with 100 % commercial funding from the First Elite Capital Modarba. In the first three months of operations, Asasah’s 1,000 clients had received PKR 4.5 million in credit.  Asasah continued on a path of success with commitment to full sustainability and outreach: Asasah has been doubling its number of active clients every year since it first commenced operations.
Portfolio at Risk: Asasah has maintained its portfolio quality and has zero delinquency.
Innovations: Asasah is always experimenting with new products and services, especially in small business finance, Islamic asset finance, and taaleemi sahoolat (education facility).
Partnerships: Asasah was the first NGO-MFI in Pakistan to partner with commercial financial institutions. It has formed several partnerships with commercial institutions, donor agencies, international NGOs, and network organizations.
Joint credit rating: Asasah was the first microfinance organization in Pakistan to be jointly rated by JCR-VIS and Microfinanza.
Governance: As Asasah’s strategic partner, “Save the Children, US” has two seats on Asasah’s board of governors.